Recent Comments

Archives

Categories

Welcome

Beware the Jabberwock, my son! The jaws that bite, the claws that catch!

In 2011, in his essay for the Wall Street Journal Marc Andreesen famously declared “Software is Eating the World” 7 years later this ravenous beast has taken it’s first major bite of the world’s most coveted delicacy–Money.

Total CoinMarketCap.com $820 Billion Jan 7, 2018

These days the noise to signal ratio in crypto is very high. The proliferation of data resulting from the rise of Initial Coin Offerings (ICOs) has covered the mountain with thick frothy layers that may obfuscate the actual merits and value creation occurring in the space. Clearly open-source money and capital formation have clutched center stage this year and rightly so. However, these are just two applications of this new financial operating system. If you dig a little deeper and look past the lambos and crypto kitties there’s a whole lot of substance beneath the surface. I created BitBug to decrypt and degub the underlying substance of this software proposal.

Before we face the jaws of the Jabberwock perhaps it’s wise to rest awhile in the shade of the Tumtum tree and use our brains. Decrypt | Debug is where I analyze the terms & conditions of this massive software proposal.

Cryptoeconomics is the study of the technology and economic models that are the underlying frameworks of tokenized digital assets (ie. Bitcoin) and the distributed networks (blockchains) that power them. More simply it’s about how those networks are secured and incentivized. In even simpler terms it’s the weeds of cryptocurrency and it’s where the devil lives.